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Caesars Entertainment Appoints Tony Rodio as Chief Executive Officer

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Caesars Entertainment Appoints Tony Rodio as CEOReading Time: 3 minutes

 

Board Forms Transaction Committee to Oversee Ongoing Value Creation Efforts

 

Caesars Entertainment Corporation today announced that its Board of Directors has named Anthony (“Tony”) Rodio as Chief Executive Officer. Mr. Rodio, who is currently CEO of Affinity Gaming, will be transitioning to Caesars during the next thirty days. He will join the Company’s Board of Directors and be based in Las Vegas. The Board also announced the creation of a Transaction Committee to oversee the Company’s evaluation of ongoing efforts in creating additional shareholder value.

“Tony brings to Caesars a track record of operational excellence, proven leadership and deep industry knowledge and expertise,” said James Hunt, Chairman of Caesars’ Board. “Tony is a respected and highly accomplished executive who has successfully built and grown businesses in our industry throughout his career. We are confident that Tony has the vision and depth of operating experience to lead our talented senior management team as Caesars continues its long history of delighting our guests, fostering a welcoming and rewarding workplace for our team members and creating value for shareholders and other stakeholders. Our entire Board looks forward to his leadership in evaluating and executing the Company’s go-forward plans.”

Mr. Rodio commented: “I have long admired Caesars and am optimistic about the Company’s future prospects. Our industry is going through a time of transition and opportunity and I look forward to leading Caesars’ exceptional team through the Company’s next phase of growth, innovation and value creation.”

Mr. Rodio has nearly four decades of experience in the gaming industry. Since October 2018, Mr. Rodio served as Chief Executive Officer of Affinity Gaming. Prior to this, he served as President, Chief Executive Officer and a member of the Board of Directors of Tropicana Entertainment, Inc. During his time at Tropicana, Mr. Rodio oversaw a period of unprecedented growth at the company, improving overall financial results with net revenue that increased more than 50% driven by both operational improvements and expansion across regional markets. Mr. Rodio led major capital projects including the complete renovation of Tropicana Atlantic City and Tropicana’s move to land-based operations in Evansville, Indiana. Each of these initiatives, among others, generated substantial value for Tropicana. Prior to Tropicana, Mr. Rodio held a variety of roles at Hollywood Casino and Harrah’s Entertainment.

Transaction Committee

The Board’s Transaction Committee, composed of independent directors, will continue to consider and evaluate various paths for enhancing shareholder value, including continuing to operate as an independent public company. The Committee members are Thomas Benninger, Keith Cozza, Don Kornstein and Courtney Mather. The decision to form this Committee follows inquiries from industry participants concerning possible transactions with Caesars. PJT Partners LP is assisting the committee with this process.

There can be no assurance that the exploration with other industry participants will result in any transaction or other result. The Committee has not set a timetable for completion of its review, and it does not intend to comment further regarding these matters unless a specific transaction or other alternative is approved by the Board of Directors or it is otherwise determined that further disclosure is appropriate or required by law.

Tony Rodio Bio

Mr. Rodio, 60, served as Chief Executive Officer of Affinity Gaming since October 2018 and has over 37 years of experience in the casino industry.

Mr. Rodio started his gaming career in 1980 as an accounting clerk and transitioned into the management ranks, holding a succession of executive positions for casino brands including Harrah’s Entertainment, Trump Marina Hotel Casino, the Atlantic City Hilton Casino Resort and Penn Gaming.

Before leading the Affinity team, Mr. Rodio served as Chief Executive Officer and President of Tropicana Entertainment Inc. for over 7 years. During his tenure, he oversaw the deployment of significant capital investments and dramatically increased the earnings of the enterprise.

He has also served on the boards of professional and charitable organizations including Atlantic City Alliance, United Way of Atlantic County, the Casino Associations of New Jersey and Indiana, AtlantiCare Charitable Foundation, and the Lloyd D. Levenson Institute of Gaming Hospitality & Tourism.

Mr. Rodio holds a Master of Business Administration from Monmouth University and a Bachelor of Science from Rider University.

About Caesars Entertainment

Caesars Entertainment is the world’s most diversified casino-entertainment provider and the most geographically diverse U.S. casino-entertainment company. Since its beginning in Reno, Nevada, in 1937, Caesars Entertainment has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment’s resorts operate primarily under the Caesars®, Harrah’s® and Horseshoe® brand names. Caesars Entertainment’s portfolio also includes the Caesars Entertainment UK family of casinos. Caesars Entertainment is focused on building loyalty and value with its guests through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership. Caesars Entertainment is committed to environmental sustainability and energy conservation and recognizes the importance of being a responsible steward of the environment. For more information, please visit www.caesars.com

 

SOURCE Caesars Entertainment Corporation


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Caesars Entertainment Appoints Tony Rodio as Chief Executive Officer

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Skyrocket Deals with Millennium Media, Snaps up Hollywood Film Rights

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The US based tech-entertainment company, Skyrocket Entertainment, has made deal with US-based Millennium Media and acquired international rights to a number of iconic Hollywood feature films including Rambo 4, The Expendables and the Fallen franchise. Skyrocket will transform these stories and characters into new gaming content and products and migrate them into the worldwide online gambling sector.

Production of the film-branded gaming content will commence from May 2019 with expected delivery slated for 2020. The deal was struck between Skyrocket CEO, Sean O’Kelly and Millennium Media president, Jeffrey Greenstein.

“We are excited to be working with Millennium Media, adding the crown jewels of their library to the Skyrocket slate for this innovative venture. Millennium recognised the value and vast potential of this new revenue stream from day one and we’re looking forward to creating fresh and immersive gaming experiences around these well-loved films, which resonate with existing but also new audiences worldwide,” O’Kelly said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Skyrocket Deals with Millennium Media, Snaps up Hollywood Film Rights

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AGTech Wins Lottery Hardware Bid in Guangxi Zhuang Autonomous Region of China

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AGTech Wins Lottery Hardware Bid in Guangxi Zhuang Autonomous Region of ChinaReading Time: 1 minute

 

AGTech Holdings Limited is delighted to announce that its wholly-owned subsidiary, Beijing AGTech GOT Technology Co., Ltd has won the lottery terminals procurement tender to supply lottery terminals to the Sports Lottery Administration Center in Guangxi Zhuang Autonomous Region of the People’s Republic of China, following the winning bids in Tianjin and Hainan since 2019. The successful bid further strengthened the Company’s leading position in China’s sports lottery hardware market and demonstrated the continued competitiveness of AGTech’s lottery terminals.

John Sun, Chairman and Chief Executive Officer of AGTech said, “So far this year, AGTech GOT has already won tenders in various province, municipality and autonomous region across China, further reaffirming our hardware division’s continued dedication to and leading position in China’s lottery industry. AGTech has and will continue to enhance product innovation, ensure safety and R&D compliance, and contribute to the overall healthy development of China’s lottery market.”

 

About AGTech Holdings Limited:

AGTech was incorporated in Bermuda and its shares are listed on the GEM (Stock Code: 08279). AGTech is an integrated technology and services company engaged in the lottery and mobile games and entertainment market with a focus on China and selected international markets. A member of the Alibaba Group with around 400 employees, AGTech is the exclusive lottery platform of Alibaba Group and Ant Financial Group.

AGTech’s businesses are broadly divided into two categories:

  • Lottery (including hardware, games and systems,  provision of distribution and ancillary services); and
  • Games and Entertainment.

AGTech is a Gold Contributor of the World Lottery Association (WLA), an associate member of the Asia Pacific Lottery Association (APLA), and an official partner of the International Mind Sports Association (IMSA).

For more information, please visit www.agtech.com

 

SOURCE AGTech Holdings Limited


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: AGTech Wins Lottery Hardware Bid in Guangxi Zhuang Autonomous Region of China

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Pariplay Launches Dragons of the North

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Pariplay Launches Dragons of the NorthReading Time: 1 minute

 

Pariplay Ltd., a leading provider of Internet Gaming Systems, has launched Dragons of the North, a new online video slot that sends players on a thrilling journey to a world of fantasy and adventure.

Beautifully realised graphics further add to the game’s allure, depicting a colourful but treacherous landscape that is sure to encourage repeat play and deeper exploration into all this magical world has to offer.

Players can trigger several special reel prizes with the Golden Dragon Egg symbol, which also acts as a Wild in both the base game and free spins. Possible rewards include cash prizes, 10 free spins and one of four different jackpots with multipliers ranging from ×15 to ×1000.

“We’re very excited about Dragons of the North, which is a worthy follow-up to the incredible success of the Rumble Rhino slot that we launched in March. These games are each representative of our commitment to crafting engaging experiences with innovative gameplay features. In the case of Dragons of the North, we’ve included a special feature where each reel has its own prize, which changes with each spin,” Richard Mintz, Commercial and Marketing Director of Pariplay said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Pariplay Launches Dragons of the North

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